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November,17,2018,Saturday

WEEKLY NEWS UPDATES

NOTEWORTHY NEWS OF THE WEEK IN POWER/COAL/MINES/RE

GOVERNMENT

Mr Piyush Goyal At CII Young India Annual Youth Summit

Minister Piyush Goyal At CII Young India Annual Youth Summit

Mr Piyush Goyal At CII Young India Annual Youth Summit

Source:- Energyinfrapost.com

NTPC IS Star PSU of the Year. CMD Gurdeep Singh of NTPC Collects The Award From Finance Minister Arun Jaitely At BSAwards Function in Mumbai

NTPC IS Star PSU of the Year. CMD Gurdeep Singh of NTPC Collects The Award From Finance Minister Arun Jaitely At BSAwards Function in Mumbai

NTPC IS Star PSU of the Year. CMD Gurdeep Singh of NTPC Collects The Award From Finance Minister Arun Jaitely At BSAwards Function in Mumbai

Source:- Energyinfrapost.com

Govt mulls advisory group for NMDC on iron ore pricing

Govt mulls advisory group for NMDC on iron ore pricing

The steel ministry is considering an advisory group for public sector miner NMDC to rein in any potential price surge in iron ore, sources said.

Source:-Business-Standard.com 

India’s rural electrification: Piyush Goyal vows to electrify Indian villages before 2019

India’s rural electrification: Piyush Goyal vows to electrify Indian villages before 2019

There is some good news for the rural citizen of the country as Prime Minister Narendra Modi-led government is expecting to fulfil its promise of bringing electricity to all the villages of the country by the end of 2019 well before the deadline.

Source:-  Financial Express

India’s Upendra Tripathy to head International Solar Alliance

India’s Upendra Tripathy to head International Solar Alliance

Upendra Tripathy, a former secretary of the renewable energy ministry, has been appointed interim director general of the International Solar Alliance (ISA), which brings together countries with abundant sunshine with the aim of lowering solar energy costs

Source:-  Livemint

Renewables to be over 60 per cent of India's generation capacity: Goyal

Renewables to be over 60 per cent of India's generation capacity: Goyal

Enthused by drop in renewable energy tariff, Power Minister Piyush Goyal today said India's 60-65 per cent of installed power generation capacity will be green energy.

Souce:-  Deccan Chronicle

Energy efficiency scheme leads to ₹ 37,685-crore savings for the country

Energy efficiency scheme leads to ₹ 37,685-crore savings for the country

The ‘Perform, Achieve, Trade (PAT)’ scheme, run by the Bureau of Energy Efficiency, has brought in savings of ₹37,685 crore, according to a press release issued by BEE

Source:- The Hindubusinessline

World moving towards green economy: UN

World moving towards green economy: UN

Highlighting India’s growing solar capacity, UN chief Antonio Guterres has said the world is moving towards a green economy at a time when “unprecedented” climate change is posing a threat to development.

Source:-  Indianexpress

Energy efficient LED bulbs have reduced power bills: Piyush Goyal

Energy efficient LED bulbs have reduced power bills: Piyush Goyal

Use of energy efficient LED bulbs has led to reduction of power bills by Rs 20,000 crore, the Lok Sabha was informed today.

Source:- ET Energy World

`Power To All' Plan by 2019 Is On Track, Union Minister Piyush Goyal assures Parliament

`Power To All' Plan by 2019 Is On Track, Union Minister Piyush Goyal assures Parliament

As many as 12,662 oiut of the targeted 18452 villages stand electrified in the country as on March 20, 2017.

Source:- Energyinfrapost.com

policy

Policy for surplus coal availability for power plants in the works: Piyush Goyal

The government is working on a policy to ensure power plants have surplus availability of coal, Union Minister Piyush Goyal said today.

Source:- ET Energy World

Government planning to revamp mining licensing regime

Government planning to revamp mining licensing regime

The government is working on a new method to auction mining leases to match commodity price cycles and investor appetite.

Source:-  Livemint

Ministry of Power

Ministry of Power Issued More Than 38 Lakhs Energy Savings Certificates To Industries

Ministry of Power has issued/entitled to purchase Energy Savings Certificates (ESCerts) to Designated Consumers (DCs) of Perform, Achieve and Trade (PAT) Cycle I on 16th February 2017

Source:- Energyinfrapost.com

COMPANIES/PSUs

IREDA to sanction Rs 13K crore loans for renewables in FY18

IREDA to sanction Rs 13K crore loans for renewables in FY18

State-run Indian Renewable Energy Development Agency (IREDA) will sanction Rs 13,000 crore for clean energy projects next fiscal in the country, vying for around 20 per cent of the loan market share.

Source:- The Economic Times

HZL plans solar power projects worth Rs 425 cr by next yr: CEO

HZL plans solar power projects worth Rs 425 cr by next yr: CEO

Hindustan Zinc today said its 15 MW solar projects in Rajasthan will get commissioned this month, and it is also planning to invest Rs 425 crore for 85 MW power plants by next year.

Source:- The Economic Times

MP Power company disconnects more than 1,000 connections of defaulters

MP Power company disconnects more than 1,000 connections of defaulters

As part of their ongoing hour-long drives at night, vigilance teams of Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Ltd. (MPPKVVCL) on Thursday night disconnected around 1,000 connections in Indore region.

Source:- ET Energy World

NTPC's Installed Capacity At 49,143 MW, Adds Highest Ever Capacity during 12th Plan

NTPC's Installed Capacity At 49,143 MW, Adds Highest Ever Capacity during 12th Plan

With commissioning of 250 MW Unit at Bongaigaon Thermal Power Project and 20 MW at Bhadla today, the total installed capacity of NTPC group has become 49143 MW

Source:- Energyinfrapost.com

Powergrid Corporation commissions Rs 6,300 crore transmission project in Chhattisgarh

Powergrid Corporation commissions Rs 6,300 crore transmission project in Chhattisgarh

India's largest and state-owned electricity transmission company Power Grid Corporation of India Ltd (PGCIL) today said it has started the commercial operation of its 800 Kilovolt HVDC Champa-Kurukshetra Pole I project.

Source:- ET Energy World

Suzlon Restructures Overseas Subsidiaries to Reduce Costs

Suzlon Restructures Overseas Subsidiaries to Reduce Costs

Suzlon Energy Ltd. said it will streamline the legal entities it controls, consolidating its operations outside India under two companies as part of continuing efforts to cut costs and cope with increasing competition in wind turbine manufacturing.

Source:- Bloomberg Quint 

NTPC-Simhadri unit achieves 80.66% plant load factor

NTPC-Simhadri unit achieves 80.66% plant load factor

NTPC-Simhadri thermal station is doing exceedingly well and ranks 17 amwong the leading power projects with a plant load factor of 80.66 per cent, according to Group General Manager PK Bondriya.

Source:- The Hindubusinessline

REC signs MoU with DVC for long term loan assistance

REC signs MoU with DVC for long term loan assistance

Rural Electrification Corp on Friday said it has signed a memorandum of understanding with Damodar Valley Corp (DVC)

Source:- The Economic Times

ICRA re-affirms AAA rating to NHPC, says demand outlook favourable

ICRA re-affirms AAA rating to NHPC, says demand outlook favourable

Credit rating company ICRA has re-affirmed its ‘AAA’ to state-owned hydro power company NHPC Ltd on grounds of strong operating efficiencies and favourable demand outlook.

Source:- ET Energy World

NTPC eyes govt stake in SJVN worth Rs 8,720 cr: Sources

NTPC eyes govt stake in SJVN worth Rs 8,720 cr: Sources

NTPC Ltd, India’s biggest electricity producer, is seeking to buy the central government’s stake in hydro-power producer SJVN Ltd to boost its share of non-fossil fuel generation capacity, according to people with knowledge of the development.

Source:-Business-Standard.com

NTPC Plans to Add 32 GW Capacity via Renewable Energy Resources by 2032, Piyush Goyal

NTPC Plans to Add 32 GW Capacity via Renewable Energy Resources by 2032, Piyush Goyal

India’s largest power generation company, National Thermal Power Corporation (NTPC) Limited plans to achieve 32 GW installed capacity through renewable energy resources by 2032, Union Minister of State (IC) for Power, Coal, Mines New & Renewable Energy and Mines, Piyush Goyal told the Lok Sabha on Thursday.

Source:- Energyinfrapost.com

L&T, Leeboy, Escorts in talks with Tata International for Africa foray

L&T, Leeboy, Escorts in talks with Tata International for Africa foray

Global trading and distribution company Tata International is in talks with infrastructure equipment giants including Larsen and Turbo (L&T) for distribution of their infrastructure equipment material in the African continent, said a top executive.

Source:- The Economic Times

Indian Railways To Purchase 500 MW power from RGPPL project in Maharashtra, Piyush Goyal

Indian Railways To Purchase 500 MW power from RGPPL project in Maharashtra, Piyush Goyal

The Indian Railways has agreed to continue to purchase 500 MW power from the stressed gas based power project--Ratnagiri Gas and Power Pvt. Limited (RGPPL) power plant from April 1, 2017 and for a period of five years.

Source:- Energyinfrapost.com

Ratnagiri Gas

Gas Based Ratnagiri Gas and Power Pvt Limited (RGPPL) Starts Generation

Ratnagiri Gas and Power Pvt. Limited (RGPPL) has started generation of power under the scheme of Utilization of gas based power generation capacity for the year 2015-16 and 2016-17

Source:- Energyinfrapost.com

Energy boost for Uttar Pradesh: Solar power park, panels in the offing

Energy boost for Uttar Pradesh: Solar power park, panels in the offing

The district is fast emerging as a solar energy hub. As per the clearance given by UPNEDA (Uttar Pradesh New and Renewable Energy Agency), different institutions of the district have been picked up for installation of solar panels.

Source:- ET Energy World

BHEL commissions 250 Mw coal-based power plant in Assam

BHEL commissions 250 Mw coal-based power plant in Assam

Bharat Heavy Electricals Ltd (BHEL), India's largest power equipment manufacturer, has commissioned a 250 MW coal-based thermal power unit at its Bongaigaon Thermal Power Station (TPS) of NTPC in Assam, the firm said in a statement.

Source:- ET Energy World

In diversification bid, Coal India plans to produce petroleum oil in Jharkhand

In diversification bid, Coal India plans to produce petroleum oil in Jharkhand

Coal India is considering producing petroleum oil at its Chatra coal mine in Jharkhand. Petroleum oil from coal is part of the state-run coal behemoth’s diversification plan and it will soon invite an expression of interest for it

Source:- The Economic Times

Electrification drive: REC averages 30,000 new connections per week

Electrification drive: REC averages 30,000 new connections per week

India is in electrification overdrive, with about 30,000 new electricity connections being granted every week. The Union power ministry is mapping the progress live on a website and is also measuring changes in lifestyle in the recently electrified villages

Source:- The Economic Times

NTPC Pays 4th highest dividend among CPSUs

NTPC Pays 4th highest dividend among CPSUs

NTPC Limited paid a total dividend @ 33.5% of its paid-up capital for the financial year 2015-16, amounting to Rs. 2762.23 crore.

Source:- Energyinfrapost.com

Hindustan Zinc

Hindustan Zinc makes highest dividend payout

Vedanta Group firm Hindustan Zinc (HZL) today announced a special dividend of Rs 13,985 crore for 2016-17, taking the aggregate amount paid by it for the fiscal to Rs 27,157 crore, the largest such payout by any company in the country.

Source:- The Hindustan Times

Airport rooftop solar array joins power grid

Airport rooftop solar array joins power grid

A rooftop solar plant at Sardar Vallabhbhai Patel International (SVPI) airport commissioned on Tuesday, a statement from airport officials said.

Source:- ET Energy World

ABB India restores crucial power infrastructure in record time for Karnataka, wins smart technology award

ABB India restores crucial power infrastructure in record time for Karnataka, wins smart technology award

ABB India has restored and modernized the critical 1,035 MW Sharavathi hydropower plant in Karnataka, which approximately accounts for 25 percent of the state utility Karnataka Power Corporation's power generation.

Source:-  Equitybulls

China, India led slowdown in coal power development, says report

China, India led slowdown in coal power development, says report

China’s clampdown on new coal projects and a reluctance by backers to provide further funds in India are mainly responsible for last year’s drop in the amount of coal-powered generation capacity under development

Source:-  Livemint

solar

First Solar may sell about 200MW of assets in India

American solar panel maker First Solar is exploring the sale of almost 190-200 megawatts (MW) of its solar power assets in India, two people aware of the development said

Source:-  Livemint 

Posco

Posco India surrenders land acquired for 12-mt project

South Korean steelmaker Posco has finally scrapped its long-delayed steel project in India and asked the Odisha state government to take back the land allotted for its $12-billion steel project.

Source:- Domain-b.com

LPG distributor

Two crore new LPG connections given since 2014

Around two crore poor families have been provided with new LPG connections, taking to 19 crore the total number of families having gas connections in the country, the government told the Rajya Sabha today.

Source:-  Asianage.com

Satellite imagery used to check illegal mining menace: Govt

Satellite imagery used to check illegal mining menace: Govt

Satellite imagery is being used to check the menace of illegal mining across the country, which is a major problem, the government said today.

Source:-  India.com

$2 billion Gold

Kolar Gold Mines revival rests on techno-economic feasibility

The exploration of leftover mined area of Kolar gold mines in Karnataka to assess the remaining resources has begun and its revival will depend on techno-economic feasibility, Parliament was informed today.

Source:-  India.com

cyber

Teams to check cyber security threat in power sector

The government has constituted Computer Emergency Response Teams to check cyber security threat in the power sector.

Source:-  Indiatoday.in

PFC

PFC sanctions Rs 9128 crore assistance to TN power utilities

State-run Power Finance Corporation on Monday said it has sanctioned Rs 9128 crore financial assistance to power utilities of Tamil Nadu.

Source:- The Economic Times

Power Sector

Revamping Old Thermal Power Infrastructure - Power Sector’s Newest Opportunity

In the last two and half years, Indian power sector has undergone a visible transformation across its complex value chain.

Source:- Swarajyamag.com

financial investors

Financial investors joining hands with utilities to acquire power projects

Attracted by India’s stressed infrastructure assets play, financial investors are joining hands with utilities to acquire power projects.

Source:-  Livemint

Here comes the sun: solar power finance for the 21st century

Here comes the sun: solar power finance for the 21st century

Solar power, along with onshore and offshore wind, is one of the most mature and promising renewable energy sources available.

Source:-  Power-technology

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